Nov 20, 2018   SOURCE: BusinessWire

$27.66 Billion Automotive TIC Market - Global Forecast to 2023 - ResearchAndMarkets.com

The "Automotive TIC Market by Service Type, Sourcing Type, Application and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The automotive TIC market is expected to grow from USD 19.51 billion in 2018 to USD 27.66 billion by 2023, at a CAGR of 7.23% from 2018 to 2023.

Some driving factors for the growth of this market are increased automotive production worldwide, inclination toward outsourcing TIC services, vehicle recalls due to failure of components, and enforcement of strict government regulations & standards in the automotive sector worldwide.

The automotive TIC market is further driven by increasing deployment of electronic systems in the automotive industry and growing awareness among consumers about safety. However, varying automotive regulatory standards across countries can restrain the growth of the automotive TIC market.

The major players profiled in this report are:

  • DEKRA SE (Germany)
  • TV SD Group (Germany)
  • Applus Services S.A. (Spain)
  • SGS Group (Switzerland)
  • TV Nord Group (Germany)
  • TV Rheinland Group (Germany)
  • Bureau Veritas S.A. (France)
  • Intertek Group PLC (UK)
  • Eurofins Scientific (Luxembourg)
  • Element Materials Technology (UK)
  • Lloyd's Register Group Limited (UK)
  • MISTRAS Group, Inc. (US)
  • UL LLC (US)
  • DNV GL Group AS (Norway)
  • SAI Global Pty Limited (Australia)
  • British Standards Institution (BSI) (UK)
  • RINA S.p.A. (Italy)
  • Norges Elektriske Materiellkontroll (NEMKO) (Norway)
  • NSF International Inc. (US)
  • EQS - (Engineering, Quality, and Safety) (Portugal) Olympus (Japan)

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in the Automotive TIC Market

4.2 Automotive TIC Market, By Service Type

4.3 Automotive TIC Market, By Sourcing Type

4.4 Automotive TIC Market, By Application

4.5 Automotive TIC Market, By Application & By Region

4.6 Automotive TIC Market, By Country

5 Market Overview

5.1 Introduction

5.2 Value Chain Analysis

5.3 Core Industry Segments for Automotive TIC Market

5.3.1 TIC Standards and Regulatory Bodies

5.3.2 Companies Offering Automotive TIC Services

5.3.3 Major Applications of Automotive TIC

5.4 Market Dynamics

5.4.1 Drivers

5.4.1.1 Increasing Automotive Production Worldwide

5.4.1.2 Outsourcing Tendencies in TIC Services Market

5.4.1.3 Stringent Regulations and Standards in Automotive Industry

5.4.1.4 Growing Trend of Electronic Systems Adoption in the Automotive Industry

5.4.1.5 Growing Awareness About Safety Among Consumers

5.4.1.6 Increasing Instances of Vehicle Recall Due to Components Failures

5.4.2 Restraints

5.4.2.1 Varying Regulations/Standards Across Regions

5.4.3 Opportunities

5.4.3.1 Growth Opportunities for Small and Mid-Sized Businesses in the TIC Ecosystem

5.4.3.2 Growth of Electric Vehicles (EVS) and Hybrid Vehicles Market

5.4.4 Challenges

5.4.4.1 Long Lead Time Required for Overseas Qualification Tests

6 Major Focus Areas for TIC Services in the Automotive Application

6.1 Introduction

6.2 Functional Safety

6.3 Adas and Safety Controller

6.3.1 Adaptive Cruise Control (ACC)

6.3.2 Auto Emergency Braking (AEB)

6.3.3 Lane Departure Warning System (LDWS)

6.3.4 Tire Pressure Monitoring System (TPMS)

6.3.5 Pedestrian Warning/Protection System

6.3.6 Traffic Sign Recognition

6.3.7 Automotive Night Vision

6.3.8 Blind Spot Detection

6.3.9 Driver Drowsiness Detection

6.3.10 Automatic Parking

6.3.11 Other Adas and Safety Controllers

6.4 Cockpit Controller

6.4.1 Heads-Up Display (HUD)

6.4.2 Human Machine Interface (HMI)

6.4.3 Other Cockpit Controllers

6.5 Chassis and Body Controller

7 Automotive TIC Market, By Service Type

7.1 Introduction

7.2 Testing Services

7.3 Inspection Services

7.4 Certification Services

7.5 Other Services

8 Automotive TIC Market, By Sourcing Type

8.1 Introduction

8.2 In-House

8.3 Outsourced

9 Automotive TIC Market, By Application

9.1 Introduction

9.2 Electrical Systems and Components

9.3 Electric Vehicles, Hybrid Electric Vehicles, and Battery Systems

9.4 Telematics

9.5 Fuels, Fluids, and Lubricants

9.6 Interior & Exterior Materials and Components

9.7 Vehicle Inspection Services

9.8 Homologation Testing

9.9 Others

10 Geographic Analysis

11 Competitive Landscape

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